Review the Course Project Overview and discuss which business concept you find i

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Review the Course Project Overview and discuss which business concept you find interesting. Are you familiar with it?
For smaller enterprises, sole proprietorships, or businesses in which one member of management has primary control, issues of personal satisfaction can be a central element in determining long-term success. Some businesses fail, and others flounder, because their founders, owners, or key managers are uncertain what they really want to achieve or because they did not structure the company and their responsibilities in ways that satisfy their personal needs and ambitions.
It is useful to evaluate and consider your personal goals when deciding on the nature of your business development. For most entrepreneurs, these goals can be summed up by the Four Cs: Control, Challenge, Creativity, and Cash.
How much control you need to exercise on a day-to-day basis influences how large your company can be. If you prefer to be involved in every business decision or are uncomfortable delegating or sharing authority, your business should be designed to stay small. Likewise, if you need a great deal of control over your time (because of family or personal demands), a smaller business without rapid expansion is more appropriate.
It is important to recognize the extent of your need for new challenges and develop positive means to meet this need, especially once your company is established and the initial challenge of starting a company is met. Otherwise, you may find yourself continually starting new projects that divert attention from your company’s overall goals. As you plan your company, establish personal goals that provide you with sufficient stimulation, while also advancing the growth of your business.
If you have a high need for creativity, make certain you remain involved in the creative process as your company develops.
Likewise, if your aim is to build a very large company and accumulate substantial income or wealth quickly, you will need outside investors to finance such rapid development or expansion. Once again, this means giving up more control over your company.
Comment on your need for Control, Challenge, Creativity, and Cash. Discuss.
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Project overview to look over
Business Plans are used extensively in teaching business. The case study research strategy provides the opportunity to develop an in-depth understanding of an organization or event—data can be collected from multiple sources (for example, company websites, interviews, or published articles).
In this project you will select, develop, and analyze an in-depth business plan for a brand new sole proprietorship business. The purpose of this project is to utilize concepts to create a business plan of a new organization of your choosing. The Course Project will build on the skills developed by your studies in business.
The Course Project provides an opportunity for you to practice and apply specific strategic management skills learned in this course. The knowledge learned will help you to further your professional or personal goals. The project is divided in three parts. Every week you are encouraged to complete a section of your Course Project. Part 1 is due in Week 3; Part 2 is due in Week 5 and Part 3 is due in Week 8. Each part should be an APA Microsoft Word document that uses the outlines here as headings for each Part.
Choose a company that is new and can be a sole proprietorship in your own local neighborhood. This will be a business you can start with minimal capital and the intent is to own and operate it indefinitely so selling the business is not a consideration.
Here is a list of business types you may choose from. If you want to do some other business, YOU CAN SELECT ANY OF THESE OPTIONS, APPROVAL NOT NEEDED. The business must be a local service. It may not be selling a specific product or an app of any sort except as an add on or support of the business. These may not be franchises but new small businesses and brands only.
Food Truck
Food Delivery Service
Coffee Shop
Sandwich Shop
Art Gallery
Pet Store
Small Restaurant
Landscaping and Lawn Service
Custom T-shirts
Language Lessons
Homemade Chocolate and Candy
House Cleaning
Small Jewelry Store
Homemade Chocolate and Candy Store
Ride Sharing Service
Pet Boarding and Day Care Facility
Day Care for Kids Facility
Handyman Service
Garage Door Installation
Pet Grooming Shop
Donut/Bagel Shop
Junk Disposal Service
Ice Cream Store.

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